XML 79 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivatives and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2013
Derivatives and Hedging Activities

The following table details the Corporation’s derivative positions as of the balance sheet dates indicated:

As of September 30, 2013:

 

(dollars in thousands)                           Current           Fair Value of  
Notional
Amount		     Trade Date     Effective
Date		     Maturity
Date		    

Receive (Variable)

Index

   Projected
Receive Rate		     Pay Fixed
Swap Rate		     Derivative
Position		  
$ 15,000        12/13/2012        11/30/2015        11/28/2022      US 3-Month LIBOR     3.301 %      2.376 %    $ 889   

As of December 31, 2012:

 

(dollars in thousands)                           Current           Fair Value of  
Notional
Amount		     Trade Date     Effective
Date		     Maturity
Date		    

Receive (Variable)

Index

   Projected
Receive Rate		     Pay Fixed
Swap Rate		     Derivative
Position		  
$ 15,000        12/13/2012        11/30/2015        11/28/2022      US 3-Month LIBOR     2.338 %      2.376 %    $ (36 )